ECONOMY OF GB

1. it has a mixed private- and public-enterprise economy

2. TRADE HAS BEEN A KEY PART OF THE BRITISH ECONOMY FOR CENTURES

3. its prosperity has been dependent upon the export of manufactured goods in exchange for raw materials and foodstuffs.

4. there is no longer difference between import and export and the GB trade focus has shifted from the USA to the EC.

5. the countrys chief export are manufactured goods (electrical and electronic equipment, , machinery, chemicals, fuels etc) and imports are manufactured and consumers goods , foodstuffs, semi-finished goods, office machines etc.

6. the GB economy is divided into 3 sectors : primary industries (providing raw materials and food from the land), manufacturing industries ( making finished goods from raw materials), service industries (providing a wide variety of services)

7. by successfully exploiting oil and gas from the North Sea GB has become self-sufficient in energy.

8. There are such mineral resources as iron ore, tin, limestone, salt, china clay, gypsum, lead.

9. The GB agriculture Is known for its high efficiency and productivity .

10.It is a broad category of output covering production of textiles, wood and metal products, paper, plastics, rubber, vehicles, machinery and equipment, and a host of other produced goods/

11.Britain has made important advances in electronics and telecommunications equipment, aircraft and aircraft engines, radio-isotopes and new medicines.

12. Thanks to the increasing use of intensive methods technologies GB remains one of the most highly industrialized countries of the world.

13.Britain has originated a lot of advanced technologies in microelectronics. The main electronic consumer goods produced are television sets with an increasing proportion of widescreen and digital sets, electronic control equipment.

14. The bank of England was nationalized in 1946 and is the bank of issue in England and Wales. It is responsible for the monetary policy of the country and also manages the country`s foreign exchange and gold reserves. GB has 17 major commercial banks.

15.tourism employs about 1.5 milllion of the workforce and contributes about 3.5% to the GDP

Date: 2014-12-21; view: 1457